Goldman Sachs

Goldman Sachs raises its expectations for Egypt’s 2024 inflation rate by 2%

Tue, 14 May 2024 - 12:47 GMT

According to a research note seen by the Arab World News Agency (AWP), The revised forecast, up from its previous projection of 20 percent, was attributed to an unexpected rise in inflation in February

Goldman Sachs predicts a substantial decline in Egypt’s financing needs for Q2 2024

Tue, 23 Apr 2024 - 11:39 GMT

Goldman Sachs estimated that Egypt will require significantly less financing through borrowing for the second quarter of 2024, attributing the reduced need to the substantial financing it secured during Q1 2024 and the Ras El Hekma investment deal

Egypt’s real GDP growth to rise to 4.9 percent for FY2024/2025, Goldman Sachs

Thu, 04 Apr 2024 - 01:12 GMT

Seen by the Arab World News Agency, the report shares that Goldman Sachs predicts the country’s real GDP growth to average between 6-6.5 percent for FY2025/202

Egypt's external financing to witness $26.5B surplus over next four years

Sun, 17 Mar 2024 - 01:00 GMT

This positive development is attributed to various factors, including the UAE's investment in Ras El Hekma, the flotation of the Egyptian pound, and a financing deal with the International Monetary Fund (IMF).

Ras El Hikma project's liquidity to cover Egypt's financing gap for next 4 years: Goldman Sachs

Fri, 23 Feb 2024 - 05:48 GMT

The report explained that the size of this investment is much larger than expected, and the timing of this liquidity entry is very close if the financing goes as planned.

Goldman Sachs advises against further devaluation of EGP amid economic challenges

Thu, 08 Feb 2024 - 02:52 GMT

The bank believes that, under the current circumstances, it is unlikely that any reduction in the value of the Pound would achieve the goals of the Egyptian government.

Goldman Sachs predicts Egypt to secure $12B package from IMF

Mon, 05 Feb 2024 - 04:11 GMT

Goldman Sachs also projected that Egypt's financing requirements over the next four years will amount to $25 billion

Egypt's dollar bonds pessimism overblown: Goldman Sachs and Pictet

Thu, 01 Feb 2024 - 11:46 GMT

In January, Egypt's dollar-denominated bonds witnessed a 1.7 percent decrease, marking their worst monthly performance since August.

No FX flexibility without liquidity: Goldman Sachs concludes its investor trip to Egypt

Wed, 14 Jun 2023 - 05:48 GMT

Upon this trip, Goldman Sachs issued an economic research concluding the results of the meeting.

CBE's decision to have positive effect on economy - Goldman Sachs

Mon, 21 Mar 2022 - 02:36 GMT

The two steps would keep the Egyptian pound move roughly in line with its fair value, it added.

Goldman Sachs: Egypt among few countries that controlled inflation rates

Thu, 20 May 2021 - 01:00 GMT

Goldman Sachs noted that Egypt, Russia and Ukraine have been able to post a decline in inflation rates during April, pushed by low food prices.

Resumption of Russian tourism to boost Egypt foreign currency resources -- Goldman Sachs

Tue, 27 Apr 2021 - 12:58 GMT

All flights between the two countries will resume after a five-year halt – since October 2015 – which the Group believes would give the tourism sector in Egypt a shot in the arm.

Goldman Sachs says Turkey is no longer economic competitor to Egypt

Mon, 21 Sep 2020 - 04:47 GMT

Turkey's deteriorating conditions are the reason.

Egypt’s finance min. reviews Goldman Sachs’ report hailing country’s economy as robust

Thu, 17 Sep 2020 - 12:43 GMT

Maeet said the report affirms that partial closure Egypt had imposed in light of the coronavirus crisis has spared Egypt further harm to economy.

Goldman Sachs sees 1% drop in global GDP due to 'coronacrisis'

Mon, 23 Mar 2020 - 12:44 GMT

Global governments have been taking unprecedented measures to contain the coronavirus outbreak which is threatening to spark a worldwide economic contraction.

Goldman sachs sees sizable moves in interest rate cut in Egypt

Tue, 26 Nov 2019 - 10:42 GMT

Goldman Sachs said that cutting interest rates in Egypt would support long-term growth rates, but the government should cut the current interest rate by 200 to 400 basis points in 2020 to stimulate private investment.

Deal or delay? Wall Street divided on Brexit

Fri, 15 Feb 2019 - 11:51 GMT

Goldman Sachs said it sees a 50 percent probability of May getting a Brexit divorce deal ratified, adding that lawmakers would ultimately block a no-deal exit if needed.

Apple, Goldman Sachs send Wall Street tumbling

Tue, 13 Nov 2018 - 09:29 GMT

With Monday’s losses, all three indexes erased the gains from their brief rally after the U.S. congressional elections on Nov. 6.

Goldman to formally name David Solomon next CEO early this week - NYT

Mon, 16 Jul 2018 - 08:21 GMT

The announcement could be made as soon as Monday, the paper reported on Sunday citing sources, and will formally establish Solomon as the successor to Lloyd Blankfein.

U.S. judge certifies Goldman Sachs gender bias class action

Sat, 31 Mar 2018 - 09:38 GMT

A federal judge ruled that women accusing Goldman Sachs Group Inc of discriminating against them in pay may pursue their claims as a group.